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I TANF TANF TANF TANF TANF TANF TANF TANF SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP 530 TYPES OF RESOURCES The following resources are either countable or exempt, depending on the program. 531 BURIAL PLOT Exempt one burial plot for each household member. Exempt one burial plot for each non-household member if it is owned by a household member. 532 ADVANCED EARNED INCOME TAX CREDITS (EITC) An Advanced EITC payment received in an employee’s paycheck before their income tax return is filed is not considered a resource. 533 LIQUID CASH ACCOUNTS 533.1 Bank Accounts Bank accounts include credit union checking/savings accounts. The low balance for the month is applied to the resource limit. The value of a “debit card” account(s) which contains income from sources such as: Unemployment Compensation (UIB) benefits, Supplemental Security Income (SSI), Veterans benefits, Child Support etc., are considered bank accounts. Any income deposited into these accounts, less amounts deposited in the current month, is a countable resource. 533.2 Electronic Benefits Transfer (EBT) Cash Account The value of any EBT cash account, less amounts deposited in the current month, is a countable resource, unless excluded as the resource of a categorically eligible member in a SNAP household. Verification requirements for bank accounts also apply to the EBT cash account. 533.3 Individual Development Account (IDA) The use of Individual Development Accounts (IDAs) are intended to improve the economic independence and stability of individuals and families and to promote and support the transition to economic self- sufficiency. Federal funds match the amount of earnings low-income working individuals and families deposit into an IDA. IDA savings are to be used for a first home purchase, post-secondary educational expenses, or business capitalization. The Social Security Act provides for State Family Assistance Grant funds to be used to establish IDA. State Family Assistance Grant funds are (not all inclusive): ● Temporary Assistance for Needy Families (TANF); and ● Welfare-to-Work (WtW). Division of Welfare and Supportive Services Eligibility and Payments Manual RESOURCES MTL 06/24 Nov 24 TYPES OF RESOURCES A-530